Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.6239 to 1.6075). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

• Beginning of entry zone (1.6239)
• Ending of entry zone (1.6075)

Midterm forecast:

• While the price is above the support 1.65300, resumption of uptrend is expected.
• We make sure when the resistance at 1.71500 breaks.
• If the support at 1.65300 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

• A trough is formed in daily chart at 1.6645 on 01/13/2022, so more gains maximum to Major Resistance (1.7150) is expected.
• Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
• Relative strength index (RSI) is 73.

Take Profits:

1. 1.6387
2. 1.6530
3. 1.6640
4. 1.6794
5. 1.6946
6. 1.7340
7. 1.7645
8. 1.7930
9. 1.8220